Las Vegas Resident Accused of Defrauding Investors of $45 Million in Virtual Reality Project Scheme
A Las Vegas resident has been accused of defrauding more than 10,000 investors of $45 million who believed they had invested in a virtual reality project. The U.S. Department of Justice has accused a Las Vegas resident of defrauding investors of a total of $45 million. The DOJ published the ch ...
Founder of bankrupt crypto exchange FTX seeks dismissal of criminal charges
Founder of the bankrupt cryptocurrency exchange FTX Sam Bankman-Fried asked the court to drop most of the criminal charges related to the collapse of the site. Sam Bankman-Fried has filed a motion to dismiss 10 of the 13 charges he faced, including fraud, conspiracy and b ...
Terraform Labs Founder Do Kwon’s Hidden Apartment Confiscated by Serbian Police
The police in Serbia have taken possession of an apartment in Belgrade where Do Kwon, the founder of Terraform Labs, had been hiding for six months before being apprehended in Montenegro. The duplex, worth €2.2 million, was raided by the police on Friday, after it was revealed that Han Chang-Joon ...
Founder of Terra, Do Kwon, charged with multiple criminal counts including fraud and market manipulation
Following the recent arrest of Do Kwon, the founder of Terra, in Montenegro, U.S. prosecutors have filed criminal charges against him on allegations of fraud, securities fraud, wire fraud, commodity fraud, and conspiracy to manipulate the market. The charges come as American law enforcement seeks ...